COUNTY APPROVES C-PACE FINANCING
On March 19th, the Fairfax County Board of Supervisors approved a Commercial Property Assessed Clean Energy (C-PACE) program that will make it easier for local businesses to reduce the energy consumption of their buildings. C-PACE allows commercial building owners to borrow money for energy efficiency and renewable energy projects and repay the loan via an assessment on their property tax bills. The goal of C-PACE is to spur investment in energy efficiency and renewable energy projects, thereby helping businesses reduce their monthly utility bills and greenhouse gas emissions. Fairfax County’s C-PACE program will be the first in the state to make stormwater and climate change resiliency projects eligible for loans as well. More information can be found in this Fairfax County NewsCenter article.